Banque Pictet & Cie SA boosted its stake in shares of Cintas (NASDAQ:CTAS) by 18.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,850 shares of the business services provider’s stock after purchasing an additional 11,500 shares during the period. Banque Pictet & Cie SA’s holdings in Cintas were worth $12,427,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CTAS. Bank of Montreal Can lifted its position in Cintas by 38.0% during the fourth quarter. Bank of Montreal Can now owns 80,848 shares of the business services provider’s stock valued at $12,599,000 after purchasing an additional 22,276 shares during the period. National Pension Service lifted its position in Cintas by 6.0% during the fourth quarter. National Pension Service now owns 100,851 shares of the business services provider’s stock valued at $15,716,000 after purchasing an additional 5,688 shares during the period. Creative Planning lifted its position in Cintas by 19.6% during the fourth quarter. Creative Planning now owns 6,303 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 1,032 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Cintas by 5.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 309,949 shares of the business services provider’s stock valued at $48,300,000 after purchasing an additional 15,269 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Cintas by 733.4% during the fourth quarter. Acadian Asset Management LLC now owns 110,389 shares of the business services provider’s stock valued at $17,204,000 after purchasing an additional 97,144 shares during the period. Institutional investors own 66.34% of the company’s stock.

Shares of CTAS stock opened at $182.15 on Thursday. Cintas has a 12 month low of $182.10 and a 12 month high of $183.12. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 2.62 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.16 and a quick ratio of 1.86.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, March 22nd. The business services provider reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.10. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The firm’s revenue was up 26.6% on a year-over-year basis. research analysts predict that Cintas will post 5.83 earnings per share for the current year.

A number of brokerages recently weighed in on CTAS. ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Cintas from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Goldman Sachs began coverage on shares of Cintas in a research report on Tuesday, March 27th. They set a “conviction-buy” rating and a $210.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Cintas from $151.00 to $152.00 and gave the company an “underweight” rating in a research report on Friday, March 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Cintas from $145.00 to $162.00 and gave the company a “hold” rating in a research report on Friday, March 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $168.55.

In other news, VP Thomas E. Frooman sold 11,500 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $175.96, for a total value of $2,023,540.00. Following the completion of the sale, the vice president now directly owns 106,926 shares of the company’s stock, valued at $18,814,698.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Phillip Holloman sold 7,523 shares of the stock in a transaction on Monday, April 30th. The stock was sold at an average price of $171.26, for a total transaction of $1,288,388.98. Following the completion of the sale, the insider now directly owns 133,491 shares of the company’s stock, valued at $22,861,668.66. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by corporate insiders.

Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas (NASDAQ:CTAS).

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.